McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
'With 4 minutes to go before the close of trading and stocks within spitting territory of red for the day, someone had to take control of "price discovery" and with the FT's street cred already used up after it's "90% done" report last night, it was up to Bloomberg to preserve the "trade talk optimism" which it did when it reported fresh details on the ongoing trade deal being finalized (and we use the term loosely) between the US China, which according to Bloomberg source would give Beijing until 2025 to meet commitments on commodity purchases and allow American companies to wholly own enterprises in the Asian nation.
And here is where the "deal" gets downright farcical: according to the proposed agreement (and we again use the term loosely), China would commit by 2025 to buy more U.S. commodities, including soybeans and energy products, and allow 100 percent foreign ownership for U.S. companies operating in China as a binding pledge that can trigger retaliation from the U.S. if left unfulfilled.
In other words, any deal announced this week would be nothing more than a photo opportunity, and be completely toothless for the next 6 years.'
Trump To Give China Until 2025 To Commit To Trade Deal
If this is true...this would make Trump's trade deal a COMPLETE JOKE.
And it would also be EXACTLY as I called it months ago....Trump WILL get a trade deal with China...so he can tell his ignorant followers what a great negotiator he is.
But the actual deal will be basically worthless and be NOTHING but a save face move of his part.
And here is where the "deal" gets downright farcical: according to the proposed agreement (and we again use the term loosely), China would commit by 2025 to buy more U.S. commodities, including soybeans and energy products, and allow 100 percent foreign ownership for U.S. companies operating in China as a binding pledge that can trigger retaliation from the U.S. if left unfulfilled.
In other words, any deal announced this week would be nothing more than a photo opportunity, and be completely toothless for the next 6 years.'
Trump To Give China Until 2025 To Commit To Trade Deal
If this is true...this would make Trump's trade deal a COMPLETE JOKE.
And it would also be EXACTLY as I called it months ago....Trump WILL get a trade deal with China...so he can tell his ignorant followers what a great negotiator he is.
But the actual deal will be basically worthless and be NOTHING but a save face move of his part.
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